Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in shares of Kimco Realty Corp (NYSE:KIM – Free Report) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,412,808 shares of the real estate investment trust’s stock after selling 23,729 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.39% of Kimco Realty worth $47,122,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of KIM. EverSource Wealth Advisors LLC increased its holdings in Kimco Realty by 212.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,178 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 801 shares during the last quarter. Ronald Blue Trust Inc. lifted its position in shares of Kimco Realty by 58.5% during the 4th quarter. Ronald Blue Trust Inc. now owns 1,812 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 669 shares during the last quarter. US Asset Management LLC acquired a new stake in shares of Kimco Realty during the 4th quarter valued at $35,000. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Kimco Realty during the 4th quarter valued at $44,000. Finally, PSI Advisors LLC acquired a new stake in shares of Kimco Realty during the 1st quarter valued at $45,000. 89.48% of the stock is owned by hedge funds and other institutional investors.
Kimco Realty Stock Performance
NYSE:KIM opened at $20.51 on Wednesday. Kimco Realty Corp has a 1 year low of $17.34 and a 1 year high of $23.89. The firm has a 50 day moving average of $19.14 and a 200-day moving average of $19.77. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $12.71 billion, a P/E ratio of 85.46, a price-to-earnings-growth ratio of 2.35 and a beta of 1.44.
Kimco Realty Dividend Announcement
Analyst Upgrades and Downgrades
Several brokerages have issued reports on KIM. Barclays cut their target price on shares of Kimco Realty from $26.00 to $24.00 in a research note on Wednesday, April 26th. Argus cut their target price on shares of Kimco Realty from $27.00 to $22.00 in a research note on Monday, May 22nd. Compass Point cut their target price on shares of Kimco Realty from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, March 27th. The Goldman Sachs Group began coverage on shares of Kimco Realty in a research note on Tuesday, March 21st. They set a “buy” rating and a $25.00 target price on the stock. Finally, Wells Fargo & Company assumed coverage on shares of Kimco Realty in a research note on Tuesday, May 23rd. They set an “underweight” rating and a $19.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Kimco Realty currently has an average rating of “Hold” and an average target price of $22.36.
About Kimco Realty
Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.
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